FALLS CHURCH (dpa-AFX) - General Dynamics (GD) announced that it has executed a definitive agreement to acquire IPW Holdings, Inc., the parent company of IPWireless Inc., a provider of 3G and 4G LTE wireless broadband network equipment and solutions for first-responder and military customers. The value of the cash transaction has not been disclosed.
The acquisition has been approved by the boards of directors of both companies and is subject to normal regulatory review.
General Dynamics said it expects the transaction to be completed in the third quarter of 2012.
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